Raksul to acquire Marutama and Marutama Wel

Raksul INC. (TSE:4384) will acquire all shares of Marutama CO., LTD and Marutama Wel CO., LTD, making them wholly-owned subsidiaries. Marutama, a Gifu-based company, specializes in planning, manufacturing, and sales of original paper shopping bags. Raksul aims to strengthen its manufacturing and sales capabilities in the paper shopping bag category, which complements its existing cardboard business. Marutama's financial performance includes JPY 789MM in net assets and JPY 916MM in net sales for the fiscal year ended June 20, 2024. Marutama Wel, which provides employment support services for disabled people, reported JPY 14MM in net assets and JPY 67MM in net sales. The acquisition, scheduled for August 1, 2025, will not affect Raksul's consolidated financial results for the fiscal year ending July 31, 2025.